Somewhat Positive Media Coverage Somewhat Unlikely to Impact Solaris Oilfield Infrastructure (SOI) Share Price
News stories about Solaris Oilfield Infrastructure (NYSE:SOI) have been trending somewhat positive on Monday, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Solaris Oilfield Infrastructure earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.4170279068053 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of analysts have issued reports on SOI shares. Citigroup downgraded Solaris Oilfield Infrastructure to a “market perform” rating in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Zacks Investment Research downgraded Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Imperial Capital lifted their price objective on Solaris Oilfield Infrastructure to $23.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. Oppenheimer reaffirmed a “buy” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Solaris Oilfield Infrastructure in a research note on Monday, October 9th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Solaris Oilfield Infrastructure in a research note on Sunday, November 5th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $18.68.
Solaris Oilfield Infrastructure (NYSE SOI) opened at $21.41 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.78 and a current ratio of 7.44. Solaris Oilfield Infrastructure has a 12-month low of $9.90 and a 12-month high of $22.01.
Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Thursday, November 2nd. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The company had revenue of $18.50 million for the quarter, compared to the consensus estimate of $17.14 million. Solaris Oilfield Infrastructure had a net margin of 18.84% and a return on equity of 10.16%. Solaris Oilfield Infrastructure’s quarterly revenue was down 99.6% on a year-over-year basis. equities research analysts anticipate that Solaris Oilfield Infrastructure will post 0.56 earnings per share for the current year.
In other news, insider Cynthia M. Durrett sold 53,873 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total transaction of $810,249.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kyle S. Ramachandran sold 140,048 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total value of $2,106,321.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,925,926 shares of company stock worth $59,045,927.
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About Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.
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